Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Swedish truck maker AB Volvo reported a larger than expected decrease in third-quarter adjusted operating profit, citing continued normalization of demand in most of its markets. Adjusted operating profit for the quarter was 14.1 billion crowns, down from 19.3 billion in the same period last year and below the average analyst forecast of 15.6 billion. … Read more